Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) – Equities researchers at KeyCorp lowered their FY2022 earnings estimates for shares of Healthcare Realty Trust in a research note issued to investors on Tuesday, April 26th. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings per share of $1.74 for the year, down from their previous forecast of $1.81. KeyCorp also issued estimates for Healthcare Realty Trust’s FY2023 earnings at $1.76 EPS.
HR has been the subject of a number of other reports. BMO Capital Markets cut shares of Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a report on Friday, January 7th. Credit Suisse Group started coverage on Healthcare Realty Trust in a research report on Tuesday, February 1st. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. StockNews.com initiated coverage on Healthcare Realty Trust in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Barclays started coverage on Healthcare Realty Trust in a research report on Tuesday. They issued an “overweight” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and a consensus price target of $33.75.
Healthcare Realty Trust (NYSE:HR – Get Rating) last announced its earnings results on Monday, February 21st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Healthcare Realty Trust had a return on equity of 3.18% and a net margin of 12.46%. The firm had revenue of $136.42 million during the quarter, compared to analyst estimates of $137.64 million. During the same quarter in the prior year, the company earned $0.42 EPS. The business’s revenue was up 8.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.56%. This is a positive change from Healthcare Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 25th. Healthcare Realty Trust’s dividend payout ratio is presently 275.56%.
Institutional investors have recently made changes to their positions in the company. Private Ocean LLC acquired a new stake in Healthcare Realty Trust during the 3rd quarter worth approximately $30,000. Marshall Wace North America L.P. purchased a new position in shares of Healthcare Realty Trust in the 1st quarter valued at about $39,000. Confluence Wealth Services Inc. purchased a new position in Healthcare Realty Trust in the fourth quarter valued at about $51,000. Bbva USA raised its holdings in Healthcare Realty Trust by 31.9% during the third quarter. Bbva USA now owns 2,479 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 599 shares during the last quarter. Finally, FourThought Financial LLC grew its stake in Healthcare Realty Trust by 225.6% during the third quarter. FourThought Financial LLC now owns 2,595 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,798 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.
Healthcare Realty Trust Company Profile (Get Rating)
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
- Get a free copy of the StockNews.com research report on Healthcare Realty Trust (HR)
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